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Helix Resources sets up new venture to maximise ‘hidden’ nickel-cobalt value

--News Direct--

Helix Resources Ltd (ASX:HLX) MD Mike Rosenstreich tells Proactive the company is ready to spin out its nickel and cobalt interests in the prolific Cobar Basin of NSW into a special-purpose vehicle aimed at maximising value for shareholders. The new venture — Ionick Metals Ltd — has executed a 12-month option agreement with Jodama Pty Ltd, which can pick up vendor and performance shares in a future Ionick IPO in exchange for three exploration licences.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/helix-resources-sets-up-new-venture-to-maximise-hidden-nickel-cobalt-value-480309745

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